Nifty Intraday for 28-06-2023

Nifty is in a bearish trend. Fridays closing near bottom and near weekly bottom makes it strongly bearish. Moreover we saw Friday's fall with big volume with FII selling -4600 cr. All points to bearishness.

Monday morning NIFTY can open higher but the level of 19400 is crucial to give it some strength for upward movement. Down 19240 is a strong support which if penetrated intraday can take NIFTY to 19150 levels. Positionally NIFTY can touch 18900 levels in this coming week.

Sell on rise is the "mantra" for Monday 28th Aug 2023.
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